Cost of living in Germany. How much do you need?
How much do you need? Cost of living in Germany:
Cost of living in Germany is relatively economic compared to its neighbors in western Europe and is slightly higher compared to eastern Europe. Living cost in Berlin; education, public transport, health and shopping spending in terms of Paris, Londa, Brussels, Zurich, such as many European capital is reasonable. In addition, according to the OECD Better Life index, the quality of life and shelf quality is above average.
Cost of living in Germany
Expencess in Germany vary according to people’s living standards, lifestyles and the city they live in, but the minimum expenditure is around 700 euros.
According to the data of the German Federal Bureau of Statistics, about 36% of employees’ earnings cover housing energy and maintenance costs. The cost of living in German cities varies considerably compared to cities. While the cost of living in the capital city Berlin is relatively low compared to other major cities, the cost of living in cities such as Munich, Düsseldorf and Frankfurt are higher.
Housing Costs in Germany
Housing costs play an important role in overall living costs. While the cost of housing is higher in Germany, this cost varies depending on the region where the property is located. Due to the high housing prices, only 10 percent of the housing can be owned.
There is no restriction for the immigrants to have a home. The cost of housing is around 600-800 thousand euros for a two-bedroom apartment in the Bavarian Region and Munich, while in Berlin it is between 300-500 thousand euros.
Rental costs in Germany
Apartments in Germany are usually rented as unfurnished. Therefore, in order to start living in Germany, the costs of laying your home and furniture should be considered in the first living expenses. The cities where Munich, Dusseldorf, Frankfurt and Hamburg are most expensive to rent.
Rental cost starts from 400-500 Euros for the standard 1 room flat in Germany.
The most effective way to find housing in Germany is the real estate agents. According to the law, the transaction fees of real estate agents are the responsibility of the landlord. Payments are usually made on a monthly basis.
Utility Bill Cost in Germany
In Germany, an employee spends about 2 times more power than a US resident, but due to the efficient equipment and techniques used in Germany, he pays less on electricity bills. In Germany, electricity and gass bills are sent quarterly. According to the package preferred for internet in Germany, it can vary between 35 and 50 euros per month. TV and radio licenses are compulsory for an additional living cost in Germany.
Monthy utility bills for everything (gass, internet, electricity, TV..) is around 150-200 Euros for a single person.
Transportation Costs in Germany
In Germany, public transport costs are more comfortable and more economical compared to many other European countries. Depending on the city, monthly transportation costs vary between 60-90 euros per person. Vehicle costs are generally high in Germany.
Education Costs in Germany
The standard of education in Germany is very high. There are many universities in the global lists, making the country popular in the field of education. In Germany, public schools are free, and this is a good opportunity for immigrant families. The fees of international schools in Germany vary depending on the prestige of the school and the degree of schooling.
In Germany, there are a number of cities offer an excellent childcare system that offers daily care subsidies. There are child care centers in the country and private institutions.
Food Costs in Germany
Germany is not a very expensive country for basic foods in terms of groceries. When you consider the costs of eating, the food is usually cheap in Germany, but there are restaurants in a wide range of prices.
Monthly food costs for a single person is around 200-300 Euros average.
In Germany, social security cuts are directly taken from employees’ salaries. Contributions are made by both employees and employers. The total of social security contributions is 40% of your salary. These contributions cover items such as health insurance, nursing care, pension and unemployment insurance.
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For more information about living, working, education and immigration to Germany, you can check below articles as well.